The colossal agreement that Congress just passed would provide $150 billion for state and local governments, with no state getting less than $1.5 billion. But states, which are bleeding tax revenue and dealing with skyrocketing unemployment claims, are already signaling the need for more aid while facing potentially massive budget shortfalls. Democrats are considering more money for food assistance, beefed up unemployment benefits and extra help for certain industries facing insolvency.
It’s not clear exactly what Congress would write into the bill, but it might include infrastructure spending as a way to shore up the economy. Sectors of the economy that felt they got left out of this bill, such as water utilities, will try again in the next bill. And industries that did get most of what they wanted in this bill, such as the restaurant industry, might need more money depending on how long it takes for everything to return to normal.
and other businesses will never reopen? And how will those closures and bankruptcies ripple through the broader economy? It’s too soon to know.100 percent. We still know so little about the virus, including whether it is seasonal or not. So this could become an annual problem even if contained in 2020.
How do the direct payments work? Who will get a check? Will small businesses remain solvent? And what sort of oversight will there be to how the money is distributed?Every American whose income was below $75,000 in 2018 will receive a $1,200 direct payment from the IRS, in addition to $500 per child. The overall value of the payment decreases for individuals who made more than $75,000 in 2018, and cuts off at $99,000.
forward early next week as his 15-day plan urging social distancing comes to an end. He could end up extending the national guidelines for a while but it wouldn’t surprise me if he starts loosening them for some parts of the country. Remember this important distinction though: Trump and federal officials issue guidelines. Local and state officials are actually the ones who have mandated actions -- closing schools, parks, restaurants and restricted gatherings.
Why are reporters there anymore, you are not holding him accountable, he is insulting you and making up lies, our country is watching TV all day but the media don’t get it, you are the tools of his propaganda. Focus on the impact of his bad decisions.
What load of crap.
Expert insights, ppplllease
“Expert reporters” 🤣🤣🤣
Expert insight? Are you fuking kidding me.
“The reality is we’re not going to get the kind of help from the federal government that I think all of us need,” Chicago Mayor Lightfoot says. MSNBC
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: Gossip Cop - 🏆 398. / 53 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: ABC - 🏆 471. / 51 Read more »
Source: ABC - 🏆 471. / 51 Read more »